Truss numbers as found on Sedar/HexoThe two sets of numbers are YE Jul 31,2021 and YE Jul 31. 2020
ie Truss lost $14.9 million for the year ending 2021 and $14 million for the previous year
Truss LP The Truss LP was formed between the Company and Molson Coors Canada (the “Partner”) and is a standalone entity, incorporated in Canada, with its own board of directors and an independent management team. The Partner holds 57,500 common shares representing 57.5% controlling interest in Truss LP with the Company holding 42,500 common shares and representing the remaining 42.5%. Truss LP is a private limited partnership and its principal operating activities consist of pursuing opportunities to develop non-alcoholic, cannabis-infused beverages.
Truss LP As at July 31, 2021 July 31, 2020 Statement of Financial Position $ $
Cash and cash equivalents 6,757 19,561
Other current assets 14,182 7,867
Non- current assets 67,766 66,863
Current liabilities 11,184 11,112
Non-current liabilities 8,667 8,903
Year ended July 31, 2021 July 31, 2020 Statement of Comprehensive Loss
Revenue 6,498(1) 705(1)
Operating expenses excluding depreciation and amortization (14,261) (12,647)
Depreciation and amortization (4,884) (617)
Other expenses – (7) Loss from operations (14,643) (13,827)
Other income 130 1
Interest expenses (412) (233)
Income tax expenses – –
Total comprehensive loss (14,925) (14,059)